Sky-high divorce fees reappear, and this time the "breakup fee" is as high as 460 million.
On the evening of February 18, Cross-Border Link released an announcement stating that according to the "Property Division Agreement" signed by Cross-Border Link Chairman Xu Jiadong and Li Junqiu, Xu Jiadong transferred 70.11 million Cross-Border Link shares directly held by him to Li Junqiu, accounting for 4.05% of the total share capital. After the change, Xu Jiadong's shareholding ratio decreased from 15.22% to 10.72%. As of the close of February 18, Cross-border Communication closed at 6.65 yuan per share, up 3.26%. Based on the closing price of the day, the shares transferred to Li Junqiu were worth about 460 million yuan . Last year, we lost over 1 billion. The founder was once the richest man in Shanxi On February 2, Cross-Border Link released its 2019 performance forecast, which showed that Cross-Border Link expects a net loss of 1.43 billion to 1.13 billion yuan in 2019.
The announcement stated that the loss was mainly due to factors such as clearing unsalable inventory and setting aside inventory impairment provisions, which totaled about 2.05 billion yuan. According to Phoenix Finance, some observers believe that this move may be an active "cleaning" behavior after the state-owned major shareholder entered, intended to clear historical problems and risks. Public information shows that the predecessor of Cross-Border Link was Baiyuan Pants Industry, which was established in 1995. It mainly engaged in clothing retail business in the early stage. It was successfully listed on the A-share market in 2011 and entered the cross-border e-commerce field in 2014. According to financial data, after entering the cross-border e-commerce field, Cross-border Link's performance continued to rise. According to the annual report, in 2014, Cross-border Link's net profit was only 33.4508 million yuan, which increased by 403.39% year-on-year to 168 million yuan in 2015. In 2016 and 2017, the performance doubled compared with the previous year, and reached 751 million yuan in 2017, setting a historical record. In 2015, when Cross-Border Link's performance soared, its founders Yang Jianxin and Fan Meihua became the richest people in Shanxi with a net worth of 7 billion yuan, and have held the title for five consecutive years. In fact, the transformation of Baiyuan Pants Industry to Cross-border E-commerce took place after it acquired Global Easy Shopping for 1 billion in 2014. Xu Jiadong was the founder of Global Easy Shopping. After the acquisition, Xu Jiadong obtained 42.76 million shares of Cross-border E-commerce, becoming the second largest shareholder of the company. In addition, in 2018 and the first half of 2019, Global Easy Shopping contributed more than 50% of Cross-border E-commerce's revenue. Missed the position of actual controller of Cross-border Communication Last year, more than 100 million yuan was cashed out After joining Cross-Border Link, Xu Jiadong has been the company's vice chairman and deputy general manager. Until November 2018, Yang Jianxin withdrew from the list of candidates for Cross-Border Link's chairman, and Xu Jiadong took over. In May last year, Cross-Border Link's business information changed, and Xu Jiadong became the legal person. Yang Jianxin and his wife had planned to give up the actual control of the company to Xu Jiadong by selling equity to him, but ultimately failed to do so. On April 23, 2018, Cross-Border Link issued an announcement stating that the company's second largest shareholder Xu Jiadong intends to acquire 7.27% of Cross-Border Link's equity held by major shareholder Yang Jianxin and his associates at a premium of RMB 28 per share. After the transaction is completed, Xu Jiadong will become the actual controller of Cross-Border Link. However, two months later, Cross-Border Communication issued an announcement to withdraw the agreement signed by both parties, citing the uncertainty in the execution of the voting rights delegation. Since then, Xu Jiadong has lost the position of actual controller of Cross-Border Communication . Since July last year, Xu Jiadong has sold off Cross-Border Link's shares several times, cashing out nearly 145 million yuan in total. Six months before the cashing out, Xu Jiadong, then vice chairman of Cross-Border Link, and chairman Yang Jianxin jointly issued a call for employees to increase their holdings, and the total amount of employees who responded to the call for increased holdings reached 19.91 million yuan. In addition, Xu Jiadong had promised not to reduce his holdings of Cross-Border Communication Technology shares between February 23, 2018 and February 22, 2019. However, in July last year, the share price of Cross-Border Communication Technology fell to around 8 yuan, setting a new historical low. Before the 24-month guarantee of not reducing holdings expired, Xu Jiadong still chose to pay the fine and reduce his holdings. Some people interpreted this move as Xu Jiadong's preparation to leave Cross-Border Communication Technology. Tianyancha data shows that Xu Jiadong has three companies under his name, one of which is in the process of being deregistered. He is currently still the legal representative, chairman and general manager of Global Easybuy. In addition, it is worth mentioning that in recent months, Internet celebrity economy concept stocks have been active, and Cross-border Communication has been in the MCN field for a long time, and has announced many times that its Youyi E-commerce has close cooperation with anchors such as Li Jiaqi and Wei Ya. It is reported that in 2019, Youyi E-commerce cooperated with Li Jiaqi for more than 50 live broadcasts. Sky-high divorce rates are becoming more common Some people's breakup fee is as high as 5.7 billion Such sky-high divorce costs are not isolated cases. On February 12, a statement previously disclosed by Jia Yueting showed that after Jia Yueting filed for bankruptcy reorganization, Gan Wei, who had filed for divorce, filed a claim for nearly US$571 million (approximately RMB 4 billion) against Jia Yueting . Last September, Zhou Heping, the largest shareholder of Wall Nuclear Materials, divorced his wife Qiu Liming and transferred 182 million shares of the listed company to his ex-wife Qiu Liming. After the divorce property division agreement came into effect, the equity structure of Wall Nuclear Materials changed accordingly, and Chairman Zhou Heping lost actual control of the company. In October 2017, Zhao Jian, a shareholder of Tangde Film and Television Company and Zhao Wei's brother, divorced his wife Chen Rong. Zhao Jian gave 19.21 million shares to Chen Rong. Based on the closing price of 27.5 yuan per share at the time, the market value was approximately 520 million yuan . In 2016, when Zhou Yahui, the actual controller of Kunlun Wanwei , divorced his wife Li Qiong, the value of the equity division reached 7.548 billion yuan. After the divorce, the value of the equity held by his ex-wife reached 5.7 billion yuan . |
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